Jiayin Group (NASDAQ:JFIN) Trading 12.2% Higher – Still a Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shares were up 12.2% on Monday . The company traded as high as $11.65 and last traded at $11.32. Approximately 63,077 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 103,553 shares. The stock had previously closed at $10.09.

Jiayin Group Stock Up 11.8 %

The company’s fifty day moving average price is $10.77 and its 200-day moving average price is $8.23. The stock has a market capitalization of $605.57 million, a PE ratio of 3.76 and a beta of 0.62.

Jiayin Group (NASDAQ:JFIN) last released its earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. The firm had revenue of $192.42 million for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LPL Financial LLC purchased a new position in Jiayin Group in the 4th quarter worth approximately $174,000. Renaissance Technologies LLC increased its holdings in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Jiayin Group in the fourth quarter worth $109,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.